Investment firm Scranton will build a new data center on the site of the former Iberboard Mill paper mill near Barcelona in Spain, giving the site a second industrial life after more than a year in bankruptcy.

The facility, located in Igualada (Barcelona), will transition from a paper mill to a site specializing in digital infrastructure, geared toward hosting servers and high-demand workloads.

The operation allows for the reuse of an existing industrial asset, with established connections and space available for the deployment of technology and redundant power systems.

First reported by El Economista, Scranton Enterprises is targeting an initial 20MW for the site, which has been dubbed "Iberdata."

Discussions are underway with local grid and utility operators. Scranton is looking for a developer to partner with on the project.

This move is part of the trend of transforming former manufacturing plants into technology hubs, taking advantage of their contracted power, large floor space, and location in well-connected areas. For the Igualada area, it means replacing a traditional activity in decline with one linked to the growth of the digital sector and the data economy.

Spanish paper and cardboard firm Iberboard declared bankruptcy in 2024 and is in the process of being liquidated. Founded in 1916, it was a producer of pulp, mechanical pulp, paper, and board.

Founded in 1999, Netherlands-based Scranton Enterprises describes itself as an investment firm specializing in growth capital and small and mid-cap companies across the real estate, medtech, luxury goods, technology, and healthcare sectors.

This piece was automatically translated from DCD's Spanish site and edited by a member of DCD's editorial staff.